CenterPoint acquires Houston-area distribution facilityIndustrial real estate developer CenterPoint Properties has acquired a rail-served distribution facility that has access to three railroads via the Port Terminal Railroad Association: Union Pacific (NYSE: UNP), BNSF (NYSE: BRK) and Kansas City Southern (NYSE: KSU).
The facility sits on 31 acres in Pasadena, Texas. It is a Class A, 601,261-square-foot building. The property has six rail spurs that can serve railcar storage capacity, and it...
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